Saudi Maaden in Talks With Banks for 7 Billion-Riyal Financing

April 21 (Bloomberg) -- Saudi Arabian Mining Co., the
state-controlled company that has a joint venture with Alcoa
Inc., said it is in talks with banks to obtain a 7 billion-riyal
($1.9 billion) Islamic loan.

“The company is in the process of consultation with a
number of banks with the intention to obtain medium-term
murabaha financing which will not exceed 7 billion riyals,” the
company also known as Maaden said in a statement to the Saudi
bourse today. “The purpose of this funding is to finance the
company’s investments in future projects.”

Link to Company News:{AA US <Equity> CN <GO>}
Link to Company News:{MAADEN AB <Equity> CN <GO>}